Wednesday, 23 December 2020 13:17

Decision 724/2020

Decision on the proposed the acquisition of joint control by “TOURISTIKES EPIHEIRISEIS MESSINIAS SA” and IOANNIS-IPPOKRATIS STASINOPOULOS over the company “STADIO 2020”.  

Decision 724/2020
File (PDF) Decision 724/2020
Date of Publication of Decision December 23rd 2020
Issue Number of Government Bulletin

 

Relevant Market 

Provision of services relating to instruction, training and friendly tennis games / providing tennis infrastructure and related facilities / organising games and tennis tournaments

Proceedings Merger
Legal Framework Phase I (Article 8(3) of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company  TOURISTIKES EPIHEIRISEIS MESSINIAS SA and I-I S
Target Company  STADIO 2020
Summary of Decision

The Chamber of the Hellenic Competition Commission approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 23/10/2020, which concerns the acquisition of joint control by “TOURISTIKES EPIHEIRISEIS MESSINIAS SA” (“TEMES”) and IOANNIS-IPPOKRATIS STASINOPOULOS over the company “STADIO 2020”.  

Pursuant to the above decision, the Hellenic Competition Commission found that the proposed concentration, which concerns the markets for the operation and management of athletic facilities relating to tennis, while falling within the scope of Art. 6(1) of Greek Law 3959/2011, does not raise any serious doubts as to its compatibility with the competition rules in the relevant market involved.

Judicial Means Final. Decision has not been appealed.
Decisions by the Court of Appeal of Athens (Administrative Division) -
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